FOREIGN CURRENCY MARKUP
Travel credit cards: 5 smart things to know
A travel credit card is specifically designed to provide benefits that are related to travel expenses.
ICICI Bank changes airport lounge access benefits for these 21 credit cards, reward points rules also changed; know more
Cardholders of ICICI Bank will soon notice significant modifications to airport lounge access benefits for these 21 credit cards, and reward points rules of many other cards.
Debit card or credit card: Which one should you use on international trip to save on forex, ATM charges, TCS?
Debit card vs credit card: The first thing to keep in mind is that using a debit card means spending the money in your account. Credit cards, on the other hand, are handy if you face a shortage of funds while travelling abroad. Is it better to use a debit card to avoid overspending or swipe a credit card to stay away from TCS? What are the charges you need to keep in mind while using a debit or credit card abroad? Read on to find out before boarding that flight.
20% TCS from October 1, 2023: How a forex card could save you more than a credit card during international trips
TCS on forex payments: From October 1, 2023, forex cards will attract at 20% if the user loads over Rs 7 lakh on the card in a financial year. There is no TCS on international credit cards. Does it mean that credit cards will be a better option than forex cards while travelling abroad? Read carefully to find out
Cross Border Remittance: A need for transparency similar to capital markets
In case I am loading a forex travel card or purchasing currency for foreign travel, again my negotiation skills with my bank relationship manager will determine what I pay per dollar
Study abroad: How to minimise charges on foreign money transfers
Since international payments aren't a one-time thing when you study abroad, you'll need a convenient, fast, and cost-effective method to transfer money abroad. Here are some factors to consider when choosing a reliable and affordable way to transfer money for your child's overseas education.
How new interbank forex card from BookMyForex cuts charges to the lowest
Interbank forex rates are the rates at which banks deal with each other for currency exchange and is considered the true foreign exchange rates. This is also very transparent rate which anyone can find and verify online on search engines. While most of the forex card issuer charged a markup over this rate, the new card claims to have zero markup over the interbank rate.
Indians lost Rs 26,300 crore as foreign exchange fees in 2020
The money lost annually by Indians grew to Rs 26,300 crore in 2020, as compared to Rs 18,700 crore in 2016, the study commissioned by Wise, a London stock exchange listed company, and done by Capital Economics in August 2021, said.
Indians paid Rs 263 billion in foreign exchange fees in 2020: Report
The study conducted by Wise, a global technology company, revealed that between 2016 and 2020, the annual amount Indians lost in fees and exchange rate mark-ups increased from Rs 187 billion to Rs 263 billion.
Why your portfolio needs international equity exposure
Some experts recommend the average investor to take portfolio exposure of 5%-10% towards international investments.
RIL plans to raise $2 billion foreign debt for capex
In June last year, the company raised $1.85 billion of long-term foreign loans.
Will this new platform for retail foreign exchange customers benefit you?
Customers can expect their overall foreign exchange transaction costs to come down with this facility- a centralised electronic forex trading platform— FX-Retail.
Currency markets expose a crucial flaw in Trump's China tariffs
The yuan “floats” far less than most major currencies in global FX markets
Currency markets reveal crucial fault in Trump's trade tariffs
Foreign exchange has emerged as a focal point in US-China trade talks.
Things to know before buying a prepaid forex card for your international holiday
If you are planning on going on a holiday abroad this summer, here is what you should know about prepaid or forex cards.
Standard Chartered introduces new Multi currency forex card
Standard Chartered Bank has launched a ‘Multicurrency Forex Card’, designed to offer travelers a secure way to carry money when traveling abroad.
RBI moves to curb ‘short-changing’ of clients, price rigging
The triggers for the code are the recent short-squeeze in the local government securities market.
Prepaid forex cards best bet for foreign trips
For those travelling overseas, prepaid forex cards are emerging as a sound option in terms of rates and a hedge against further depreciation.
Why buy a prepaid Forex Card instead cash for your foreign holiday
Experts are Increasingly recommending travellers to go for a prepaid forex card while buying foreign currency.
Load More
